Here is what you need to know on Wednesday, March 18th: The American dollar stands as the strongest at the end of the day, initially supported by continued demand for the greenback, amid risk-off. The US government announced multiple measures to fight against the ongoing crisis, bringing relief to markets. Wall Street closed in the green, Treasury yields bounced, and the dollar gave up some ground, still the overall winner. The coronavirus keeps spreading in Europe exponentially, staying as the epicentre of the outbreak. Italy is expecting the peak by the next weekend. The EU has closed borders for 30 days. The run to safety is not yet over. UK PM Johnson, in a joint statement with Finance Minister Sunak, declared that they must “do more and faster,” to stop the disease spreading and to no not overwhelm the health system. Pound recovered modestly with the news, although GBP/USD settled below 1.2100 after trading as low as 1.20. EUR/USD fell below 1.1000, ending the day nearby, while commodity-linked currencies were the worst performers. Crude oil prices plummeted with WTI trading at $26.70 a barrel by the end of the day. The USD/JPY recovered, settling just below 108.00 a major Fibonacci resistance level. Gold also bounced amid easing dollar’s demand. Crypto Today: Bitcoin must hold $5000 this time or face much punishment from bears FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Litecoin Price Analysis: Bulls are defending the lows FX Street 2 years Here is what you need to know on Wednesday, March 18th: The American dollar stands as the strongest at the end of the day, initially supported by continued demand for the greenback, amid risk-off. The US government announced multiple measures to fight against the ongoing crisis, bringing relief to markets. Wall Street closed in the green, Treasury yields bounced, and the dollar gave up some ground, still the overall winner. The coronavirus keeps spreading in Europe exponentially, staying as the epicentre of the outbreak. Italy is expecting the peak by the next weekend. The EU has closed borders for 30… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
